What Are Contra Trades

Contra Trade means a Trade or transaction which involves buying or selling any number of shares of the Company within 6 (six) months of Trading or transacting in an opposite transaction involving selling or buying of the shares purchased or sold, as the case may be.

What is contra trade restriction?

For a listed Market intermediary, the restriction on contra trade is only with respect to deals/trades in securities of own company and not for other listed companies. … For other market intermediaries, the restriction is not applicable in respect of any listed companies.

What does contra side mean?

A contra broker is a broker that is taking the opposite side of a transaction initiated by another broker. … Conversely, when a broker is looking to buy, a contra broker would be on the sell side of that transaction.